Estonia gave Ukraine 350,000 euros from the sales of the two-euro coin card
Eesti Pank marked Ukrainian independence day by transferring the first 354,117 euros received from sales of the coin card with the two-euro coin dedicated to Ukraine and Freedom to the Ukrainian central bank as part of its partnership project. Over 25,000 coin cards have been sold so far.
Purchases of the coin card with the two-euro coin for Ukraine have come most from Estonia, Germany, Lithuania, Ukraine, France, Finland, Latvia, Spain, the USA, Slovakia and Italy.
Eesti Pank put a total of 40,000 coin cards on sale at the start of July at a price of 18 euros, with the sales revenue from them going to support the Ukrainian central bank. The specially dedicated coin was designed by a young Ukrainian refugee studying at the Estonian Academy of arts, Daria Titova, and the coin card was designed by Vladimir Taiger. The two-euro coin with a special design features the words Slava Ukraini and shows a girl as a symbol of tenderness, protecting a bird in her hand.
Eesti Pank is transferring all of the sales revenue from the coin card, minus VAT and the costs of the sales channels, to the Ukrainian central bank. The transfer on Wednesday of 354,117 euros to the Ukrainian central bank was the first, but will not be the last as sales of the coin card continue.
The coin card with the two-euro coin dedicated to Ukraine can be bought from the Eesti Pank Museum shop and the Omniva online store.
The two-euro coin dedicated to Ukraine will enter general circulation at the end of this year. Eesti Pank is issuing a total of 2 million of the two-euro coins dedicated to Ukraine and Freedom into circulation. The central bank issued the coin card earlier so that it could send support to Ukraine in its fight for freedom as quickly as possible.
Preliminary work started at Eesti Pank to create the two-euro coin with the special design dedicated to Ukraine and Freedom in April 2022. Creating such a coin with a special design usually takes around 18 months, but the coin card for Ukraine was ready within four months.
An important role in designing the coin was played by the Estonian Academy of Arts, where Ukrainian art students who left Ukraine because of the war have been able to continue their studies this spring. The academy rapidly organised and held a design competition for the coin among the Ukrainian students in April, and the winner of it was Daria Titova. The Supervisory Board of Eesti Pank approved the design at the start of May, and it was their decision to add the text Slava Ukraini on the coin to symbolise the independence and resistance of Ukraine. After that, the design of the two-euro coin needed to be approved by the European Commission and the member states of the European Union. The central bank made preparations to produce the coin card and the two-euro coin in parallel.
The coin was minted in Slovakia, and the coin cards were made in Poland.
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